Case Study: Lehman Brothers handles the largest Chapter 11 restructuring in history with Epiq

Epiq takes on Largest Chapter 11 in History​

The customer, Lehman Brothers, faced an immense challenge during its historic Chapter 11 restructuring, which involved $600 billion in assets and an extraordinarily high volume of data including 67,000 proofs of claim. To manage this complexity, Lehman Brothers contracted Epiq to implement a specialized process for handling the overwhelming number of claims and securities.

Epiq developed and implemented a tailored solution that included a specialized bond position-blocking process, custom software for online filing, and high-volume communications channels. By successfully navigating this complex bar date process, Epiq positioned Lehman Brothers to ballot its Chapter 11 plan, which was subsequently approved by an overwhelming majority of its creditors.

Lehman Brothers